Straight to The Point: August 2, 2018

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star3 Enrollment is open for the statewide prize-linked saving program, Lucky Savers. Credit unions that are new to the program will need to execute a contract and provide all documents to the Association by Aug. 31 in order to start their program on Oct. 1The Point

star3 SimplyCredit, a strategic partner of the New York Credit Union Association, will host an informational webinar Aug. 13 at 2 p.m. The company enables consumers to refinance high-APR credit card balances with participating New York credit unions. The webinar will explain SimplyCredit’s digital platform, which is designed to work with the credit union’s mobile banking platformNYCUA

star3 Reminder: The Association’s Member Relations team is once again offering budgeting assistance to credit unions as a benefit of membership – The Point

star3 The U.S. Treasury Department will raise the amount of long-term debt it sells to $78 billion this quarter while launching a new two-month bill. The department is also extending out to the five-year maturity where its concentrating its increases to coupon-bearing debt – Bloomberg

star3 Biometric payments are poised for significant growth, but substantial consumer security concerns could put its future at risk, according to a new report – CUToday

star3 Major merchant data breaches continue to put millions of consumers at risk, CUNA and other financial trade organizations wrote in a joint letter. The joint letter was sent to Rep. Bob Latta (R-Ohio), chairman of the House Energy and Commerce subcommittee CUNA

star3 In recent months, District Court judges have thrown out several lawsuits against credit unions over allegations that their websites do not comply with the ADA, but recent court filings show that at least three credit unions facing similar suits may be in for a tougher battleCU Times

star3 Banks planning technology improvements should heed a warning about fintech vendors: they keep reinventing themselves. There were 70 mergers and acquisitions among fintechs in the U.S., Canada and South America in the first quarter, and those deals were worth a combined $3.4 billion, according to a fintech investment report American Banker

star3 OCC will now begin accepting FinTech Bank charter applications which is a big development for banking. Here are seven questions about FinTech Charters New York’s State of Mind

 

 

 

 

 

 

 

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